Endeavor IP, Inc. Provides Business Update
NEW YORK, NY--(Marketwired - March 04, 2015) - Endeavor IP, Inc. (OTC PINK: ENIP) ("Endeavor"), an intellectual property services and patent licensing company, today provided a general business update.
Endeavor's leadership team is working hard to build a strong company for its shareholders. Franciscus Diaba, Chief Executive Officer of Endeavor, commented, "Since taking over as CEO of the company, in just one short month, we have conducted a thorough review of our business operations as well as our capital structure. We are very encouraged with our existing intellectual property assets. The number and amount of settlements achieved in the past represents just a portion of the potential opportunities from the monetization of our intellectual property assets. We will continue to work hard on monetizing our intellectual property assets and will provide additional updates to our shareholders in the near future."
Further, "during the last month, we have also carefully reviewed our organizational structure and we are working on implementing the right strategy to enhance shareholder value. We believe we can strengthen the business while seeking to minimize dilution to shareholders. We value the support from our shareholders and plan to maintain frequent and transparent communications with the investment community going forward," Mr. Diaba concluded.
About Endeavor IP, Inc.
Endeavor IP, Inc. is an intellectual property services and patent licensing company that is engaged in the acquisition and licensing of intellectual property. Endeavor is based in New York, NY.
Forward Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "demonstrate," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While Endeavor believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Endeavor's filings with the Securities and Exchange Commission (the "SEC"), not limited to Risk Factors relating to its patent business contained therein. Thus, actual results could be materially different. Endeavor expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
